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JULY 2, 2013 8:30 P.M.

ringo185 wrote:

The analysts keep talking about the Emerging Market countries. Instead let us talk about the BRICS (Brazil, Russia, India, China & now South Africa). Yes they are considered emerging countries, but there are some major differences. This group of countries has:
1. Reached agreements between themselves so as currency exchange to bypass the sovereign U.S. dollar in their trading;
2. They have lost respect for the United States government, particularly our President, and now in some cases openly defy Obama;
3. They are acquiring and storing precious metals --- gold and silver;
4. Their economic position is better than the United States.
They will take care of each other, so when Vale says that there will not be a drop in iron ore import from China, I believe them. China will buy from Vale before they will buy from any U.S company.

About Emerging Markets Daily

Emerging markets have been synonymous with growth, but the outlook for individual nations is constantly changing. Countries from Brazil and Russia to Turkey face challenges including infrastructure bottlenecks, credit issues and political shifts. Barrons.com’s Emerging Markets Daily blog analyzes news, data and research out of emerging markets beyond Asia to help readers navigate the investment landscape.

Barron’s veteran Dimitra DeFotis has been blogging about emerging market investing since traveling to India and Turkey. Based in New York, she previously wrote for Barron’s about U.S. equity investing, including cover stories and roundtables on energy themes. Dimitra was among the first digital journalists at the Chicago Tribune and started her career as a police reporter at the Daily Herald in the Chicago suburbs. Dimitra holds degrees from the University of Illinois and Columbia University, where she was a Knight-Bagehot Fellow in the business and journalism schools. She studies multiple languages and photography.